Northland Securities Increases Premiere Global Services Price Target to $13.25 (PGI)
Stock analysts at Northland Securities boosted their price target on shares of Premiere Global Services (NYSE:PGI) from $12.25 to $13.25 in a report issued on Thursday. The firm currently has a “market perform” rating on the stock. Northland Securities’ price target points to a potential downside of 1.34% from the stock’s previous close.
Shares of Premiere Global Services (NYSE:PGI) opened at 13.43 on Thursday. Premiere Global Services has a 52 week low of $8.77 and a 52 week high of $13.87. The stock’s 50-day moving average is $13.17 and its 200-day moving average is $12.02. The company has a market cap of $623.1 million and a P/E ratio of 38.37.
Premiere Global Services (NYSE:PGI) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.22 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.19 by $0.03. The company had revenue of $143.24 million for the quarter, compared to the consensus estimate of $140.48 million. During the same quarter in the prior year, the company posted $0.19 earnings per share. The company’s quarterly revenue was up 10.6% on a year-over-year basis. Analysts expect that Premiere Global Services will post $0.86 EPS for the current fiscal year.
Premiere Global Services, Inc (NYSE:PGI) offers its virtual meeting solutions in the cloud, with a software as a service (SaaS), model.
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